{"id":30,"date":"2021-02-17T10:33:28","date_gmt":"2021-02-17T10:33:28","guid":{"rendered":"http:\/\/malwa.com.au\/wordpress\/?page_id=30"},"modified":"2021-02-17T10:34:21","modified_gmt":"2021-02-17T10:34:21","slug":"business-structure","status":"publish","type":"page","link":"https:\/\/malwa.com.au\/wordpress\/?page_id=30","title":{"rendered":"BUSINESS STRUCTURE"},"content":{"rendered":"\n<p class=\"has-white-color has-text-color\">If you are thinking of starting a business, you will need to look at the benefits and disadvantages of different business structures and work out which structure best suits your requirements.<\/p>\n\n\n\n<p class=\"has-white-color has-text-color\">The most common types of business structures are:<\/p>\n\n\n\n<ul class=\"has-white-color has-text-color wp-block-list\"><li>Individual (sole trader)<\/li><li>Partnership<\/li><li>Company<\/li><li>Trust<\/li><\/ul>\n\n\n\n<p class=\"has-white-color has-text-color\">It&#8217;s important to understand the responsibilities of each structure because the structure you choose may affect:<\/p>\n\n\n\n<ul class=\"has-white-color has-text-color wp-block-list\"><li>the tax you are liable to pay<\/li><li>asset protection<\/li><li>ongoing costs<\/li><\/ul>\n\n\n\n<p class=\"has-white-color has-text-color\">Typically, costs and complexity increase as you move from a sole trader to a partnership to a company or trust. You are not locked into any structure and you can change the structure as your business changes or grows.<\/p>\n\n\n\n<p class=\"has-white-color has-text-color\">If you aren&#8217;t sure which structure to choose, talk to us we can assist you.<\/p>\n\n\n\n<p class=\"has-text-align-center has-white-color has-text-color has-background\" style=\"background-color:#02364c;font-size:25px\"><strong>Business Plan<\/strong><\/p>\n\n\n\n<p class=\"has-white-color has-text-color\">A business strategy is the means by which it sets out to achieve its desired ends (objectives). It can simply be described as a long-term business planning. Typically, a business strategy will cover a period of about 3-5 years (sometimes even longer).<\/p>\n\n\n\n<p class=\"has-white-color has-text-color\">What should be in your business plan?<\/p>\n\n\n\n<p class=\"has-white-color has-text-color\">Headings in a business plan and the information you&#8217;ll need to consider, are:<\/p>\n\n\n\n<ul class=\"has-white-color has-text-color wp-block-list\"><li>Executive summary<\/li><li>Vision and mission statement<\/li><li>Company history<\/li><li>Business strategy<\/li><li>Company products and services<\/li><li>Marketing strategy<\/li><li>Location and layout<\/li><li>Competitor analysis<\/li><li>Management team<\/li><li>Plan of operation<\/li><li>Financial forecasts<\/li><\/ul>\n\n\n\n<p class=\"has-white-color has-text-color\">If you need assistance putting together a business plan or getting your business off the ground, consider calling HT BUSINESS GROUP ACCOUNTANTS.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>If you are thinking of starting a business, you will need to look at the benefits and disadvantages of different<\/p>\n<p><a href=\"https:\/\/malwa.com.au\/wordpress\/?page_id=30\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\">BUSINESS STRUCTURE<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"parent":22,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-30","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/malwa.com.au\/wordpress\/index.php?rest_route=\/wp\/v2\/pages\/30","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/malwa.com.au\/wordpress\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/malwa.com.au\/wordpress\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/malwa.com.au\/wordpress\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/malwa.com.au\/wordpress\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=30"}],"version-history":[{"count":1,"href":"https:\/\/malwa.com.au\/wordpress\/index.php?rest_route=\/wp\/v2\/pages\/30\/revisions"}],"predecessor-version":[{"id":31,"href":"https:\/\/malwa.com.au\/wordpress\/index.php?rest_route=\/wp\/v2\/pages\/30\/revisions\/31"}],"up":[{"embeddable":true,"href":"https:\/\/malwa.com.au\/wordpress\/index.php?rest_route=\/wp\/v2\/pages\/22"}],"wp:attachment":[{"href":"https:\/\/malwa.com.au\/wordpress\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=30"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}